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ITT Corp

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  • March 16- General Electric Co Chief Executive Officer Jeff Immelt is sticking by his company's model for housing diverse businesses under one roof at a time when other U.S. conglomerates are looking at hiving off units to please investors. In a wide-ranging annual letter to shareholders released on Monday, Immelt details advantages from such scale through...

  • Potential buyers include Boeing Co, Textron Inc, Airbus and BAE Systems and even Lockheed Martin Corp.. Chief Pentagon arms buyer Frank Kendall told UTC that the Defense Department would not object to a spinoff, a source told Reuters. A former defense official said the Pentagon would probably insist that Sikorsky was well capitalized to ensure its survival.

  • Feb 6- Harris Corp said it would buy Exelis Inc in a deal valued at about $4.75 billion, combining two big suppliers to the U.S. military at a time when the government is squeezing spending on defense. Exelis, spun off from ITT Corp in 2011, makes antennas for military aircraft, domes for Navy ships, sonar systems and GPS navigation systems. The total offer of $23.75 per...

  • Feb 6- Communications equipment maker Harris Corp said it would buy defense contractor Exelis Inc in a cash-and-stock deal valued at about $4.75 billion. The offer of $23.75 per share is a premium of about 34 percent to Exelis's Thursday close, and values the company at about $4.44 billion based on Exelis's shares outstanding as of Oct. 28. McLean, Virginia- based...

  • Herb: Red flag on ITT Educational Services   Thursday, 27 Feb 2014 | 2:44 PM ET
    Herb: Red flag on ITT

    CNBC's Herb Greenberg provides insight on a lawsuit filed by the CFPB on ITT Educational Services for predatory lending.

  • After-hours buzz: HP, Priceline, Groupon & more Thursday, 20 Feb 2014 | 4:59 PM ET
    Traders on the floor of the NYSE

    Check out which companies are making headlines after the bell Thursday:

  • Lightning Round: Himax, Kraft & More Wednesday, 15 Jan 2014 | 6:35 PM ET

    It’s time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Stock strategies for the end of the world Thursday, 26 Sep 2013 | 7:00 AM ET
    Mana Pools National Park. Zimbabwe

    You can't make money from hoarding bottled water—yet. But you can make money by investing in the coming apocalypse. Here's how.

  • Looking for value: Playing spin-offs may pay off Wednesday, 21 Aug 2013 | 12:21 PM ET

    When it comes to unlocking shareholder value, corporate boards, company management and activist investors often look toward spinning off a business that could stand on its own.

  • Once Shunned, Funds Now Ally With Activist Investors Tuesday, 9 Apr 2013 | 8:40 AM ET
    Bill Ackman

    Institutional investors, who used to shun activist investors and side with a company's management on most controversial issues, are starting to change their tune.

  • *Third-quarter adjusted earnings $0.44, beat estimates by 5 cents. The maker of specialty components for energy, transportation and manufacturing said it had earned $73.0 million, or 78 cents per share, in the third quarter, compared with $108.5 million, or $1.17 per share, a year earlier.

  • ITT's 3Q numbers underscore benefits of spin-off Friday, 2 Nov 2012 | 1:19 PM ET

    WHITE PLAINS, N.Y.-- ITT Corp. fared better in the third quarter than analysts anticipated, providing further validation for a spin-off that streamlined the company's operations last year. A little over a year ago, ITT spun off its water-management business into Xylem Inc. and its defense segment into Exelis Inc..

  • Nov 2- ITT Corp reported stronger-than-expected quarterly earnings and sales on Friday, helped by U.S. industrial demand and sales to energy markets in emerging economies.

  • Emerging markets lift ITT third-quarter sales Friday, 2 Nov 2012 | 11:13 AM ET

    Nov 2- ITT Corp reported a lower quarterly net profit on Friday, reflecting the company's breakup a year ago, but earnings from continuing operations were up, helped by U.S. industrial demand and sales to energy markets in emerging economies.

  • --Abiomed Inc rescheduled second-quarter conference call to Nov. 1 at 8 am Eastern Time. --Accelrys Inc rescheduled third-quarter results to Oct. 31, after market. Its conference call will be held on Nov. 1, 9.30 am Eastern Time.

  • --Acorda Therapeutics Inc: rescheduled third-quarter financial results and conference call to Oct. 31 from Oct. 30. --Advent Software Inc reschedules third-quarter results and conference call to Oct. 30. --AGCO Corp rescheduled third-quarter results to Oct 31, 8 am Eastern Time from Oct. 30.

  • ITT to buy German pump maker for $267 million Monday, 15 Oct 2012 | 10:03 AM ET

    NEW YORK-- Industrial parts supplier ITT Corp. said Monday it has signed an agreement to buy Bornemann Pumps, a German company that makes pump systems for the oil and gas industry. ITT said the deal is worth about $267 million, but it didn't specify whether that figure includes debt. Shares of ITT rose 31 cents to $20.86 in morning trading.

  • Corporate Splits, Just as Easy as TomKat Divorce Thursday, 12 Jul 2012 | 2:21 PM ET
    mm_avatar_100_cramer.jpg

    Jim Cramer’s researcher, Nicole Urken, takes a look at some pockets of value creation in this unpredictable market.

  • Look for Companies Likely to Split: Mario Gabelli Monday, 12 Mar 2012 | 12:39 PM ET
    Mario Gabelli, CEO of Gabelli Asset Management Company Investors (GAMCO Investors)

    Usually the whole is greater than the sum of its parts — not to investment guru Mario Gabelli. The CEO of Gamco Investors told CNBC Monday he wants to invest in companies that have a history of splitting off successful businesses and then invest in both companies.

  • What's Shaking: Monday's Early Movers Monday, 13 Feb 2012 | 8:19 AM ET
    market-insider-stocks-to-watch-200.jpg

    Take a look at some of Monday morning's early movers: